Time-bar on withholding tax recovery: orders barred after seven years from the financial year when payment or credit occurred. The substituted section 201(3) provides that no order under section 201(1) deeming a person to be an assessee in default for failure to deduct tax from a ... Summary
Time-bar on withholding tax recovery: orders barred after seven years from the financial year when payment or credit occurred.
The substituted section 201(3) provides that no order under section 201(1) deeming a person to be an assessee in default for failure to deduct tax from a person resident in India shall be made after the expiry of seven years from the end of the financial year in which the payment is made or credit is given.
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